Russia and four former Soviet republics, namely Kazakhstan, Kyrgyzstan, Belarus and Armenia, will be postponing adoption of the IMO 2020 regulation until 2024, reports Bloomberg.
Russia Energy Minister Alexander Novak told the news agency IMO 2020, “will lead to a sharp hike in the price of fuel for the river fleet and river-sea vessels, which operate mainly in Russia’s territorial waters.”
As such, the energy and transportation ministries are seeking “to prevent a higher financial pressure on the nation’s shipowners.”
Minister Novak, however, highlighted that Russian ships will still comply with the IMO 2020 regulation in international waters.
Russia’s Ministry of Energy (Minenergo) is a federal executive body responsible for drafting and implementing government policy and legal regulation in the oil and fuel sector.
Photo credit: © Ministry of Energy of the Russian Federation
Published: 29 October, 2019
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.